Project Management MBA

STEP- HBTI, KANPUR
MBA PROGRAMME
FOURTH SEMESTER EXAMINATION-2020-2021
PROJECT MANAGEMENT
CLASS TEST
TIME: 1:00 Hours MM: 15
Attempt all the following questions.

1) A ____ is a set of activities which are networked in an order and aimed towards
achieving the goals of a project.
a. Project
b. Process
c. Project management
d. Project cycle
2) The project life cycle consists of

a. Understanding the scope of the project
b. Objectives of the project
c. Formulation and planning various activities
d. All of the above
3) Following is(are) the responsibility(ies) of the project manager.

a. Budgeting and cost control
b. Allocating resources
c. Tracking project expenditure
d. All of the above
4) Following are the phases of Project Management Life Cycle. Arrange them in correct
order
1. Design, 2. Marketing, 3. Analysis and evaluation, 4. Inspection, testing and delivery
a. 3-2-1-4
b. 1-2-3-4
c. 2-3-1-4
d. 4-3-2-1
5) Five dimensions that must be managed on a project

a. Constraint, Quality, Cost, Schedule, Staff
b. Features, Quality, Cost, Schedule, Staff
c. Features, priority, Cost, Schedule, Staff
d. Features, Quality, Cost, Schedule, customer
6) The critical path

a. Is a path that operates from the starting node to the end node
b. Is a mixture of all paths.
c. Is the longest path
d. Is the shortest path
7) Which stage of project management life cycle requires the maximum time of completion
a. Conceptualization
b. Planning
c. Execution
d. Estimation
8) In Project management when does planning take place?

a. Before the project
b. During the project execution
c. At the start of the project
d.After the project
9) The criteria for acceptance of a project on the basis of Profitability Index (PI) is
a. PI=0
b. PI > 0
c. PI < 0
d. PI > 1
10) Risk in project management is defined as

a. An uncertain event that, if it occurs, has a positive effect on project objectives
b. An uncertain event that, if it occurs, has a negative effect on project objectives
c. An uncertain event that, if it occurs, has a positive or negative effect on project objectives
d. An uncertain event that do not have any effect on project objectives
11) The numbering of the nodes in A-O-A is done

a. From left to right
b. From Right to Left
c. Randomly
d. On the basis of the duration of the activity
12) Who creates the project team?

a. Factory manager
b. Operation manager
c. Project manager
d. Purchase Manager
13) Project Manager must ensure that it develops appropriate trade off/s as
a. Time, cost and performance
b. Time, value and performance
c. Men, Materials and Machines
d. Money, Cost and Return on Investment
14) In which stage of team development, team members are worried about how they fit in
with the others and how their capabilities and skills compare.
a. Norming
b. Storming
c. Forming
d. Performing
15) ‘Which of the following represents the estimated value of the work actually
accomplished?
a. Earned value (EV)
b. Planned value (PV)
c. Actual cost (AC
d. Cost variance (CV)
16) “Risk” usually _______ as the project progresses.

a. increases
b. reduces
c. remains same
d. becomes negligible
17) Project Scope:

a. is of concern only at the start of the project
b. is mainly a problem to be handled by the change control procedures during the project
execution phase.
c. Should be managed and controlled from the project concept through close-out
d. is usually not a problem
18) Each project phase is marked by completion of one or more:

a. Tasks.
b. Deliverables
c. Phases
d. Life cycles
19) The Three attributes of project risk are _________, ___________ and ___________.
a. What might happen, who it happens to, and how much will it cost
b. Notification, frequency of relevant events, probability of occurrence
c. Risk cost, quality, control
d. Risk event, probability occurrence, the amount at stake.
20) If the Earned Value is equal to Actual Cost, it means:

a. Project is on budget and on schedule
b. Schedule Variance Index is 1
c. There is no schedule variance
d. There is no cost variance
21) According to Olivier Mesly, the 4 P’s critical for the success of a project are:
a. plan, processes, people, policy
b. plan, processes, people, power
c. plan, processes, potential, policy
d. plan, processes, potential, power
22) A horizontal bar chart that shows project tasks against a calendar is called
a. Milestone
b. Goal
c. Gantt chart
d. PERT chart
23) A project is accepted when

a. Net present value is greater than zero
b. Internal Rate of Return will be greater than cost of capital
c. Profitability index will be greater than unity
d. Any of the above
24) ___________ on capital is called ‘Cost of capital’.

a. Lower expected return
b. Normally expected return
c. Higher expected return
d. None of the above
25) CRITICAL PATH is the __________________Path in the Project Network.

a. Longest
b. Shortest
c. Less Resources consuming
d. Independent
26) Which are the decisions at the GATE in Stage Gate Process?
a. Go, Kill, Hold, Recycle
b. Go, Start, Process, Recycle
c. Hold, Process, Inspect, Recycle
d. Hold, Kill, Inspect, Recycle
27) Completion of an activity on CPM network diagram, is generally known

a. Event
b. Node
c. Connector
d. All the above.
28. An event is indicated on the network by a number enclosed in

a. a circle
b. a square
c. a triangle
d. all the above.
29. In the initial stage of the project the probability of completing the project is ___ .
a. Zero
b. High
c. Low
d. Any of the above
30. Which one of the following is captured in the Work Breakdown Structure (WBS)?
a. The life cycle phases
b. The logical order of tasks
c. The scope of the project
d. Project costs

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STEP- HBTI, KANPUR

TIME: 1:00 Hours MM: 15

Attempt all the following questions.

2) The project life cycle consists of

3) Following is(are) the responsibility(ies) of the project manager.

5) Five dimensions that must be managed on a project

6) The critical path

8) In Project management when does planning take place?

10) Risk in project management is defined as

11) The numbering of the nodes in A-O-A is done

12) Who creates the project team?

16) “Risk” usually _______ as the project progresses.

17) Project Scope:

18) Each project phase is marked by completion of one or more:

20) If the Earned Value is equal to Actual Cost, it means:

23) A project is accepted when

24) ___________ on capital is called ‘Cost of capital’.

25) CRITICAL PATH is the __________________Path in the Project Network.

27) Completion of an activity on CPM network diagram, is generally known

28. An event is indicated on the network by a number enclosed in

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